Answer:
Its important to diversify because it can help an investor manage risk and reduce the volatility of an asset's price movements. If his high risk investment backfires hes left with almost nothing, diversifying can give him a safety blanket just incase. The many ways he can diversify include, but aren't limited to, Use asset allocation or target date funds, Invest in a mix of mutual funds or ETFs, Customize with individual stocks and bonds, Vary company size and type, Invest abroad, and add complexity.
Explanation:
<span>A buyer's order outlines the specific vehicle to be purchased and all charges for the purchase. It is not the final bill of sale contract. It is basically the agreed upon terms of the purchase being made. This is usually used when purchasing a car.</span>
Answer:
$2592
Explanation:
Let the amount of loan applied for by both person be $x and $y respectively. If their loan differs by $72 each month, the second person would have applied for $(x+72) each month.
Amount applied by first person will be $x at the end of first month
Amount applied by second person will be $(x+72) at the end of first month
At the end of 36 months, the amount applied for by the first man will be $36x
At the end of 36 months, the amount applied for by the second man will be $36(x+72)
First person 'x' =$36x
Second person 'y' = $36(x+72)
If x pays $36x
y will pay $(36x+2592)
Their difference will become
$36x+$2592-$36x
= $2592
The person with the lower credit score will pay $2592 at the end of the 36-month loan
Answer:
The correct answer is option E.
Explanation:
Income elasticity of demand measures the change in quantity demanded of a product because of a change in the income of the consumer. It is calculated as a ratio of change in quantity demanded and change in income.
At the income level of $300, the consumers buy 5 bars of chocolate. When the income increases to $330, the consumer buys 6 bars of chocolate.
The income elasticity of demand is
= 
= 
= 
= 
= 2
Since the income elasticity of demand is positive, this implies that chocolate is a normal good.
Answer:
$84.86
Explanation:
I'm guessing they want you to find the standard deviation.
It would be easy to do this in a statistical calculator, but I suspect they want you to do it by hand.
Here are the steps for a manual calculation.
1. Count the elements in the data set
N = 8
2 Calculate the sum of the data set
3. Calculate the mean
4. Calculate the standard deviation
(a) Subtract the mean from each data point
(b) Square the differences
(c) Add the squares of the differences
(d) Divide the sum by the number of terms
(e)Take the square root of the result
We can set up a table to organize the calculations.
